Safilo Group SpA (IT:SFL)
:SFL
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Safilo Group SpA
(SFL)
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Rating:59Neutral
Price Target:
€2.00
▲(11.11% Upside)
Action:Reiterated
Date:05/12/26
The score is primarily supported by improving financial performance (profits back, stronger recent free cash flow, and reduced leverage). Offsetting this, technicals are weak with the stock trading below major moving averages and a negative MACD, and valuation is less attractive due to a high P/E with no dividend yield provided.
Positive Factors
Free cash flow recovery
Sustained positive free cash flow across 2023–2025 improves funding for operations, reduces refinancing risk, and enabled debt paydown. This cash convertibility supports investment in product cycles and working capital, strengthening durability of the business over coming quarters.
Negative Factors
Persistent revenue decline
Ongoing revenue contraction undermines the quality of the earnings recovery; profit gains have relied on margin improvement and cost control rather than top-line growth. Without stabilizing or reversing sales declines, margin and cash gains may be hard to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow recovery
Sustained positive free cash flow across 2023–2025 improves funding for operations, reduces refinancing risk, and enabled debt paydown. This cash convertibility supports investment in product cycles and working capital, strengthening durability of the business over coming quarters.
Read all positive factors
Safilo Group SpA (SFL) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€733.02M
Dividend YieldN/A
Average Volume (3M)1.40M
Price to Earnings (P/E)16.2
Beta (1Y)1.28
Revenue Growth-0.99%
EPS Growth118.45%
CountryIT
Employees3,352
SectorGeneral
Sector StrengthN/A
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)0.12
Shares Outstanding416,254,760
10 Day Avg. Volume1,829,853
30 Day Avg. Volume1,402,367
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)2.06
Price to Sales (P/S)0.82
P/FCF Ratio9.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€2.09Price Target Upside16.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.11
Revenue Forecast (FY)€984.20M
Safilo Group SpA Business Overview & Revenue Model
Company Description
Safilo Group S.p.A. is actively involved in the design, manufacture, and both wholesale and retail dissemination of eyewear products. Its operations span North America, Europe, the Asia Pacific region, and numerous other international markets. The...
How the Company Makes Money
Safilo makes money primarily by selling eyewear products—optical frames and sunglasses—at scale through a mix of wholesale and direct-to-consumer channels. (1) Wholesale distribution is a core revenue stream: Safilo sells branded frames and sungla...
Safilo Group SpA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 983.38M | 993.22M | 1.02B | 1.08B | 969.58M |
| Gross Profit | 599.29M | 561.73M | 601.74M | 597.45M | 445.64M |
| EBITDA | 64.19M | 90.49M | 56.35M | 129.10M | 109.37M |
| Net Income | 49.07M | 22.30M | -24.65M | 54.16M | 21.27M |
Balance Sheet | |||||
| Total Assets | 758.95M | 842.34M | 855.46M | 960.27M | 937.77M |
| Cash, Cash Equivalents and Short-Term Investments | 52.15M | 47.42M | 74.90M | 77.71M | 99.00M |
| Total Debt | 98.27M | 140.54M | 157.60M | 191.11M | 192.96M |
| Total Liabilities | 355.90M | 414.88M | 459.68M | 521.35M | 571.68M |
| Stockholders Equity | 392.45M | 413.07M | 379.20M | 409.92M | 326.74M |
Cash Flow | |||||
| Free Cash Flow | 81.28M | 64.65M | 34.50M | -6.71M | -2.66M |
| Operating Cash Flow | 89.68M | 76.22M | 47.71M | 9.16M | 17.30M |
| Investing Cash Flow | -23.56M | -48.87M | -8.65M | -15.67M | -9.76M |
| Financing Cash Flow | -58.58M | -54.83M | -40.47M | -16.81M | 2.07M |
Safilo Group SpA Technical Analysis
Positive
1.80
Price Trends
1.66
Positive
1.77
Negative
1.76
Negative
Market Momentum
0.02
Negative
63.32
Neutral
83.77
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:SFL, the sentiment is Positive. The current price of 1.8 is above the 20-day moving average (MA) of 1.62, above the 50-day MA of 1.66, and above the 200-day MA of 1.76, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 63.32 is Neutral, neither overbought nor oversold. The STOCH value of 83.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:SFL.
Safilo Group SpA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €14.58B | 23.72 | 18.89% | 2.32% | 0.75% | -2.37% | |
63 Neutral | €1.63B | 32.89 | 5.35% | 2.30% | 6.99% | -6.11% | |
59 Neutral | €733.02M | 16.21 | 11.48% | ― | -0.99% | 118.45% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €1.58B | -16.69 | -21.64% | 1.24% | -5.66% | 27.38% |
* General Sector Average
IT:SFL
Safilo Group SpA
1.76
0.92
109.64%
IT:BAN
BasicNet SPA
7.34
-0.31
-4.10%
IT:MONC
Moncler S.p.A.
53.86
4.06
8.16%
IT:OVS
OVS S.p.A.
6.40
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89.69%
IT:PQ
Piquadro SpA
2.59
0.40
18.54%
IT:SFER
Salvatore Ferragamo S.p.A.
9.53
4.23
79.81%
Safilo Group SpA Corporate Events
Safilo Updates Share Capital After Stock Option Exercises
Jun 10, 2026
Safilo Group S.p.A. has updated its share capital structure following the exercise of stock options under three incentive plans approved between 2017 and 2023, resulting in the issuance of 527,882 new ordinary shares between 12 May and 27 May 2026...
Safilo launches €20 million share buyback to boost strategic flexibility
Jun 8, 2026
Safilo Group’s subsidiary Safilo S.p.A. has launched a new share buyback program on Euronext Milan, appointing Kepler Cheuvreux as independent intermediary to repurchase up to 10 million shares, or around 2.5% of its free float, for a maximu...
Safilo Publishes Minutes of 2026 Shareholders’ Meeting
May 27, 2026
Safilo Group S.p.A. has disclosed that the minutes of its Ordinary and Extraordinary Shareholders’ Meeting held on 28 April 2026 are now publicly available at its registered office, via the 1INFO storage mechanism and on the company’s ...
Safilo CEO Angelo Trocchia Exercises Stock Options, Subscribes 135,000 Shares
May 21, 2026
Safilo Group has disclosed a transaction involving Angelo Trocchia, who holds administrative functions within the company and has exercised stock options under the group’s 2020–2022 stock option plan. Trocchia subscribed to 135,000 ord...
Safilo moves to acquire SPY+ and Serengeti in $26 million deal
May 11, 2026
Safilo Group, the Italian‑listed eyewear company with brands such as Carrera, Polaroid and Smith, integrates traditional wholesale with direct‑to‑consumer and online channels, leveraging design hubs in Europe, North America and A...
Safilo publishes updated Articles of Association amid ongoing governance evolution
May 8, 2026
Safilo Group has published its updated Articles of Association, making the new governance document available at its registered office, via a centralized storage mechanism and on its corporate website. The move underscores the company’s ongoi...
Safilo Starts 2026 with Higher Margins, Strong Cash Flow Despite FX Drag
May 7, 2026
Safilo Group reported a solid start to 2026, with first‑quarter net sales of €272.9 million, up 0.4% at constant exchange rates despite currency headwinds, and gains concentrated in North America and key European markets. The company h...
Safilo shareholders approve 2025 accounts and new performance share plan
Apr 28, 2026
Safilo Group’s shareholders approved the 2025 financial statements and related reports, including consolidated accounts and sustainability reporting, and endorsed the 2026 remuneration policy for directors, statutory auditors and executives....
Safilo to Acquire SPY+ and Serengeti to Bolster Sport and Premium Eyewear Portfolio
Apr 21, 2026
Safilo Group has signed an exclusive agreement with Bollé Brands to acquire SPY+ and Serengeti, two US eyewear labels focused on sport/outdoor and premium segments, respectively, with combined 2025 sales of about $39 million. The deal, which ...
Safilo publishes auditor candidate lists ahead of April 2026 shareholder vote
Apr 7, 2026
Safilo Group has published documentation for its Ordinary and Extraordinary Shareholders’ Meeting scheduled in Padua on 28 April 2026, where shareholders will appoint a new Board of Statutory Auditors. Two competing lists of candidates have ...
Safilo Publishes 2025 Financials and Governance Documents Ahead of April 2026 Shareholders’ Meeting
Apr 2, 2026
Safilo Group S.p.A., a global eyewear manufacturer and distributor listed on Euronext Milan, operates across the full value chain from design to production and distribution, supported by international design studios and digital platforms. Its bran...
Safilo Publishes Documentation Ahead of April 2026 Shareholders’ Meeting
Mar 27, 2026
Safilo Group S.p.A., a global eyewear manufacturer and distributor listed on Euronext Milan, produces sunglasses, optical frames and sports eyewear under a mix of owned and licensed brands and sells through a combination of wholesale, direct-to-co...
Safilo Group Publishes Updated Corporate Bylaws
Mar 20, 2026
Safilo Group S.p.A., a major global eyewear player listed on Euronext Milan, develops and distributes sunglasses, optical frames and outdoor eyewear under both owned and licensed brands through an extensive international retail and wholesale netwo...
Safilo Calls 2026 Shareholders’ Meeting and Unveils New Performance Share Plan
Mar 19, 2026
Safilo Group has convened an ordinary and extraordinary shareholders’ meeting for 28 April 2026 to approve the 2025 financial statements, decide on profit allocation, vote on the remuneration report and appoint the Board of Statutory Auditor...
Safilo updates share structure after stock option share issuance
Mar 17, 2026
Safilo Group S.p.A., the Italian-listed eyewear specialist, has updated its share capital structure following the issuance of 88,747 new ordinary shares to service its 2020–2022 stock option plan, without changing the overall nominal value o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.